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04.03.2020: Forex Analysis & Reviews: The Fed extraordinary lowers interest rates to 1.25%. Pound is trying to start growth. Forex video forecast for March 4

The Fed at an unscheduled meeting lowered interest rates, weakening the position of the dollar against the euro and the pound. EURUSD maintains an uptrend, but there are fewer buyers. GBPUSD buyers will rely on a good report on the service sector and a breakthrough of resistance 1.2847.


Signals for the EURUSD pair:


A break of the level of 1.1190 will lead to a growth of the euro in the area of 1.1239 and 1.1263


Breakthrough 1.1142 will lead to sales of the euro in the area of 1.1097 and 1.1041


Signals for the GBPUSD pair:


A break of 1.2847 will lead to a growth of the pound in the area of 1.2891 and 1.2930


Breakthrough 1.2796 will lead to sales of the pound in the area of 1.2744 and 1.2707


Fundamental data:


Eurozone Consumer Price Index


Eurozone Producer Price Index


Eurozone unemployment rate

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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